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Western Union Crosses Above its 10-day MA (WU)

By James Quinn

Today, shares of Western Union (NYSE:WU) have crossed bullishly above their 10-day moving average of $19.88 on a volume of 3.9 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Western Union have traded between a low of $16.02 and a high of $22.84 and are now at $20.46, which is 28% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Western Union on January 20th, 2017 by issuing a Downtrend alert when the shares were trading at $20.83. Since that call, shares of Western Union have fallen 6.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Western Union

Ticker(s): WU